Having a rock solid SOW can prevent many of the issues that arise during any project.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If you can manage to keep up with the real estate market in these markets that we have come to hit, and still be able to navigate the unchartered waters.

@Kyle Reedstrom looks like an interesting project.  

@James Masotti I have an incredible robust Podio system that integrates with Basecamp and other project management software systems.

I had a project last year that a sub hit a conduit that was marked out and the utility made a claim many months later.

Quote from @Jacklyn Robins: You've "never" had this issue, but you've only managed a few properties for five years.

On the flip side, the margins aren’t quite as high as with rehab projects.

It can be in the real estate industry, property management, construction, lending etc.

And yes, I've done fire restoration projects.